AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Navamar trumps Verreault for control of Davie Industries.
(From Lloyds List)
Byline: A small shipyard specialising in repairs is the surprise choice of bankruptcy trustees, writes Leo Ryan in Montreal
Bankruptcy trustees have chosen a small shipyard specialising in repairs to purchase Davie Industries, once eastern Canada's largest shipyard.
In a surprise development, Groupe Navamar, situated on the west end of the Port of Montreal, was last Friday given the go-ahead to conduct due diligence on Davie, with a March 31 deadline for completion.
Navamar, a relative newcomer shipyard, was selected as the best of five bidders for Davie located near Quebec City on the St Lawrence River which went bankrupt in 2001.
Davie, with a workforce of up to 3,000, built throughout its 175-year history a wide variety of vessels, from bulk carriers and warships to ice-breakers, in addition to offshore platforms.
Among the creditors, Samir Financial of Chicago is owed US$3m while a Quebec government financial institution has subsidised Davie to the tune of about C$16m (US$14m) in recent years.
- Navamar buys Davie.(business NOTES)
- Magazine article from: Marine Log March 1, 2006 700+ words
...The trustees for Canada's bankrupt Davie shipyard in Levis, Quebec, have accepted a purchase offer from Montreal-based Navamar, which has previously been limited to afloat and voyage repair. The Davie facilities include 2,000 m of water frontage...
- ST. LAWRENCE DUMPS RPI, 5-4.(Sports)
- Newspaper article from: Albany Times Union (Albany, NY) November 12, 1988 700+ words
...was one shot. One that went in for St. Lawrence. One that spelled a 5-4 defeat for...good brand of hockey against respected St. Lawrence, a team that went to the finals of...The answer rested in this statistic: St. Lawrence goalie Paul Cohen stopped 34 shots...
- ST. LAWRENCE SCUTTLES ENGINEERS, 8-4.(Sports)
- Newspaper article from: Albany Times Union (Albany, NY) December 7, 1991 700+ words
...were throttled 8-4 by 10th- ranked St. Lawrence in an Eastern College Athletic Conference...The assessment got worse. "They (St. Lawrence) scored twice in their first three...goals," Powers said. RPI fending off St. Lawrence's vaunted power play was only made...
- The St. Lawrence Seaway Corporation Enters into Stock and Warrant Purchase...
- Press release article from: Business Wire January 11, 2007 700+ words
INDIANAPOLIS -- The St. Lawrence Seaway Corporation (STLS.OB) ("St. Lawrence"), announced today that the Company entered...merchant banking company, pursuant to which St. Lawrence will sell 75,000 shares of its common stock...
- RPI OVERMATCHED BY ST. LAWRENCE.(Sports)
- Newspaper article from: Albany Times Union (Albany, NY) November 15, 1987 700+ words
...Byline: Pete Dougherty Staff writer St. Lawrence was the consensus preseason choice to...weekend is likely to change the opinion. St. Lawrence made it a weekend sweep Saturday night...nor the bodies to take the lead from St. Lawrence. Tony Hejna, the left wing on RPI...
- St. Lawrence Cement Inc. Announces Its Intention to Make a Normal Course Issuer...
- Press release article from: Business Wire March 17, 1998 700+ words
...ME:ST.A.) (TSE:ST.A.) St. Lawrence Cement Inc. announces its intention...if and when deemed appropriate by St. Lawrence Cement's management, up to a maximum...Class "A" subordinate voting shares of St. Lawrence Cement (the "Subordinate Voting Shares...
- St. Lawrence Energy Corp. (OTC: SLAW) to Enter a Strategic Relationship with...
- Press release article from: Business Wire January 14, 2008 700+ words
3SOFT to Invest $10 Million in St. Lawrence NEW YORK -- Renewable energy company St. Lawrence Energy Corp. (OTC: SLAW) will enter...capability to, and invest $10 million in St. Lawrence for use in developing improved-efficiency...
- Addition of Ecologically-Significant Lands will Double the Size of St. Lawrence...
- News wire article from: Canadian Corporate News November 22, 2005 700+ words
...to a land transfer from Ontario's St. Lawrence Parks Commission and a land donation...located on the mainland - will be added to St. Lawrence Islands National Park of Canada...Ontarians." "By doubling the size of St. Lawrence Islands National Park, we will create...
